Clayton Dubilier & Rice (CD&R) completed the acquisition of Shearer's Foods, a prominent contract manufacturer and private label supplier for snacks in the U.S. and Canada, from the Ontario Teachers' Pension Plan Board. The transaction's financial details were not disclosed. Bill Nictakis, Executive Chairman of Shearer's, highlighted CD&R's role in advancing the company's mission and acknowledged Ontario Teachers' support in solidifying Shearer's position. Mark McNeil, CEO of Shearer's, praised the firm's industry leadership and the new growth opportunities presented by CD&R's expertise. John Compton, CD&R Operating Partner, expressed enthusiasm for building on Shearer's momentum, emphasizing the company's strong customer and retailer relationships. J.L. Zrebiec, CD&R Partner, looked forward to driving growth and innovation at Shearer's. Financial advisors and financiers for CD&R included Deutsche Bank Securities Inc., UBS Investment Bank, BMO Capital Markets Corp., BNP Paribas, RBC Capital Markets LLC, TD Securities, Blue Owl Capital Inc., Citizens, Goldman Sachs & Co. LLC, Macquarie Capital, Mizuho Bank, Ltd., Natixis, Rabo Securities, and Stifel. Legal advisors were Debevoise & Plimpton LLP for CD&R and Kirkland & Ellis for Shearer's, with Goldman Sachs & Co. LLC as Shearer's exclusive financial advisor.